A leading hedge fund, structured as a Limited Liability Partnership, uncovered evidence that a senior partner was preparing to leave the partnership and set up in competition along with junior members of his team. We advised the LLP on expulsion of the senior partner and successfully obtained injunctive relief and damages. We also recovered and secured the LLP’s confidential and proprietary information and prevented the senior partner from competing against the LLP.
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We advised a firm of accountants on the acquisition of a number of smaller practices.
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We advised a City firm of accountants on the termination (“retirement”) of partners, and interpretation of the terms of the LLP Deed
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Most partnership disputes come down to interpretation of a written agreement but what if there is no agreement?
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Bates Wells’ M&A team acted for CentralNic Group PLC (“CentralNic”), the global internet platform that derives revenue from the subscription sales of internet domain names, on the acquisition of the entire Hexonet Group. The Hexonet Group, with operations in Canada and Germany, sells domain name subscriptions directly and via more than a thousand resellers in over 110 countries, managing over 3.8 million domains on its proprietary software platforms. CentralNic has paid an initial €7 million, with up to a further €3 million as deferred consideration.
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Call Assist is the largest, independent, vehicle assistance provider in the UK. GEM Motoring Assist is a leading breakdown recovery provider and has been ranked number one breakdown provider by Auto Express and Which?.
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A Christian charity was sued for refusing to employ a non-Christian. We proved that the faith ethos was so central to how the charity worked that they could not be required to recruit someone from another faith.
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Publically-listed financial services provider
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Social enterprises needed a legal structure that protected their mission. We helped by creating the Community Interest Company.